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INTL FCStone raised its Australian 2018/19 estimates, lifting wheat to 17.0 Mt and barley to 7.76 Mt, with canola at 2.22 Mt and sorghum at 1.69 Mt. All remain below or near five-year averages.
A modest upward revision slightly eases Australian feed grain tightness, a mildly bearish signal for barley and wheat prices.
graincentral.comGrain CentralJan 29, 2019After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
